Israel Discount Bank Selects STP Solution

Israel Discount Bank and Mercantile Discount Bank are implementing a front to back office solution from Reuters for its trading room in Tel Aviv. The project includes Kondor+ from Effix, the core system of Reuters Risk Management product line, as the limits order management function of Reuters FX Trade Management (FXTM). The bank has also […]
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Hotspot FX ‘ Gambling on the Future of the Business

In what promises to be a groundbreaking initiative, industry veterans are setting up an online exchange that will provide the setting for commission-based FX trading. The new service, Hotspot FX, is backed by one of the largest venture capitalists in Europe, the ETF Group, as well as by renowned currency speculator Joe Lewis, who reportedly […]
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FXall.com: Leading Banks Unite in Groundbreaking Initiative

The June announcement by seven leading banks to create FXall.com, stands to lay the groundwork for a new FX marketplace that brings together banks and customers on a single, electronic platform. The founding partners in FXall.com are Bank of America, Credit Suisse First Boston, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley Dean Witter and UBS […]
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Deutsche Enhances FXMarkets.com

Deutsche Bank has released an enhanced version of its FXMarkets.com Web site, and has begun offering a live B2B electronic trading facility, following the success of its B2C price request dealing service. The site, which sports a new look and feel, now co-ordinates more closely with the bank’s other Global Markets products, says Joe Noreña, […]
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CFOWeb Announces Long-Awaited Launch

CFOWeb.com, developed by Palo Alto, California-based Integral Development, went live on 27 June with 2,500 asset management members on board. Harpul Sandu, founder and CEO of Integral, says that the trading site boasts around 4,000 members and nine trading banks, including Dresdner Kleinwort Benson, ING Barings, Bank of Tokyo-Mitsubishi, ABN Amro, AIG International, BNP Paribas, […]
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Gain Launches New Online FX Service

Gain Capital officially launched its 24-hour online FX trading service on 31 May, reports CEO and founder Mark Galant. The service, which is aimed at small- to mid-sized corporates and hedge funds, has attracted much higher volumes than were originally expected, he adds. Galant says client interest has come from institutional clients and small hedge […]
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BEA Systems Launches New E-Commerce Servers

BEA Systems, the e-commerce transactions company, announced new releases of its BEA WebLogic 5.1 product line, an integrated family of next-generation e-commerce application servers. The WebLogic servers deliver a wide range of e-business environments by using such new e-commerce technologies as WML (Wireless Mark-up Language) and SML for the rapid development of mobile applications and […]
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Reuters Releases Next Generation of Forwards Matching – Announces Partnership with Martin Brokers (UK) Plc

Reuters is about to start rolling out its next generation forward FX matching service, Reuters 3000 Forwards. Additionally, the trading and information systems vendor has partnered with Martin Brokers to provide an enhanced voice/electronic service. The implementation – part of the Dealing 3000 platform – will take place in a phased rollout from June to […]
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FNX Launches eSierra for Web-Based STP

Wayne, Pennsylvania-based FNX Ltd has launched an Internet-based offering of its Sierra System deal capture, trading and risk management platform. The eSierra platform, which is built on BEA Systems’ WebLogic Enterprise Server, integrates with Sierra System to provide a real-time interface between old and new technologies. Developed in partnership with BEA, eSierra delivers Web-enabled deal […]
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CSFBNext: Already Blazing Trails

CSFBNext, the new institutional e-business initiative launched by Credit Suisse First Boston (CSFB), is part of the bank’s strategy to help its clients manage change, says Philip Vasan, head of CSFBNext. This involves taking a “whole-firm” approach to e-commerce, he says, with CSFB offering its customers a range of electronic services ‘ e-trading, research and […]
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